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Madison Realty Capital Originates $44M Transitional Loan for Lease-Up of Luxury Apartment Complex in Summerville, SC

Madison Realty Capital, a private equity firm focused on debt and equity investment strategies, has announced it has provided a $44 million loan to McKee Homes, a Raleigh, NC-based home builder and developer, and the Huff Family Offices, for The Palms at Edgewater, a 288-unit multifamily apartment complex in Summerville, SC.

Located at 1005 Sonaran Circle in Summerville, 30 minutes from Charleston, The Palms at Edgewater includes 13 Class A three-story apartment buildings offering one- to three-bedroom units. The community will include 288 private residences with modern finishes, high-end appliances, private balconies, patios and detached garages. Amenities include a clubhouse with leasing office, business center, game room, and fitness center. The lake has fountains surrounded by walking paths, a pool and pavilion, car wash, playground, pickleball courts, dog parks and dog wash, and gas firepits.

Managing Director, Trent Niederberger, and Director, Philip Galligan, of JLL Capital Markets arranged the financing.

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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